Dec 28, 2012 9:00am PST
to meet with house speaker john boehner, minority leader nancy pelosi, senate majority harry reid and minority leader mitch mcconnell. that is happening this afternoon. jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the participants in the meeting is that they hope that they will be able to discuss more details about a scaled-down fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would get all of this behind us before new year's eve. how likely does that sound? not so likely. >> yo
Dec 27, 2012 9:00am EST
mcconnell and leader pelosi to receive an update on the ongoing fiscal cliff negotiations. that's all the information that we have. we don't know what those leaders spoke about with the president during those call bus i would say just parsing the words here a little bit of this statement, to receive an update does not sound like the president was somehow calling them to issue an new offer or to force some kind of a deal to a head. it sounds like he was checking in with those leaders to find out what's going on or what might be possible at this point. we are working on getting you more information on exactly what was said on those calls just yesterday from hawaii, guys. >> eamon, thank you for keeping us up to date, the view from d.c. let's just return to the discussion we were having with wolfgang coaster about what's happening with dollar yen and this huge move over three months, whether the dollar has accelerated, 11, 12% against the yen. wolfgang what does that mean for people sitting at home? >> the japanese are trying to get their products to be more comp pet it was than the u.s.